Honeybee Inc reports earnings for Qtr to March 31

Published: May 21, 1988

*3*** COMPANY REPORTS **

*3* Honeybee Inc (AMEX)

Qtr to March 31

1988

1987

Sales

6,390,060

7,037,173

Net loss

784,485

b215,062

Share earns

-

.08

b-Net income
The company said the loss in the latest quarter included $395,000 of expenses related to the purchase of a majority ownership of Honeybee by Spiegel Inc., and to a proposed merger of Honeybee with a Spiegel unit.